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The Tricks and Scams Unscrupulous Stockbrokers and Brokerage Firms Use to Steal Investors' Savings Every Day

The brokerage business relies upon high-pressure salesmen to sell investments to you, and their pay is not based upon the performance of your account. In addition, brokers are constantly being pushed by upper management to produce. Normally, if they do not make at least a six figure income their first year, they will be fired. In short, the business is set up perfectly for strong conflicts of interest. Brokers are nearly forced to tell you anything to make you buy.

Ironically, there's a very fine line between "truth" and "outright lie." You should be concerned with the distinctions; it's your money. The brokers are definitely concerned - they want your money - and walk a fine line everyday between truth and jail to get it.

Have you ever been told by a broker that they are updating account information in accordance to NYSE Rule 405? It certainly sounds official and makes you want to volunteer the information. In most cases, it's a trap. We'll show you this and other common tricks of the trade.

How to Spot a Crooked Stockbroker is your first step in understanding the common tricks, traps and other forms of broker misconduct and what to do if they are caught crossing the line.